4.8% Stake of Goldman Sachs Group, Inc. (The) (NYSE:GS) Held by Goldman Sachs Group Inc

Goldman Sachs Group Inc

recently stated that they own a 4.8% stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, July 19th. The investor owns 18,701,019 shares of the stock worth about $4,167,896,105. The reporting parties listed on the disclosure included Each of the persons identified on Appendix A, Not found and restates in its entirety such Schedule 13D (as so amended and restated, this. The disclosure is available through Edgar at this link.

Goldman Sachs Group Inc

provided the following explanation of their ownership:

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Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock valued at $5,460,072,000 after buying an additional 1,001,162 shares during the period. State Street Corp boosted its position in Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after buying an additional 603,165 shares during the period. Dodge & Cox acquired a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $3,399,521,000. Finally, FMR LLC boosted its position in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (NYSE GS) traded down 0.20% during midday trading on Wednesday, reaching $222.87. 4,884,134 shares of the company were exchanged. The firm has a market capitalization of $91.22 billion, a PE ratio of 11.86 and a beta of 1.42. The company has a 50-day moving average of $222.32 and a 200 day moving average of $231.38. Goldman Sachs Group, Inc. has a 52 week low of $155.37 and a 52 week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.26% and a net margin of 26.38%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same quarter last year, the firm posted $3.72 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.17 earnings per share for the current year.

Goldman Sachs Group, Inc. (The) declared that its board has initiated a stock repurchase plan on Tuesday, April 18th that authorizes the company to repurchase 50,000,000 outstanding shares. This repurchase authorization authorizes the investment management company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.93%.

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Several analysts have issued reports on GS shares. HSBC Holdings plc restated a “buy” rating and set a $291.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, March 27th. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “strong sell” rating and set a $175.30 target price for the company. in a research report on Thursday, April 6th. Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Citigroup Inc. upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Wednesday, April 19th. Finally, Atlantic Securities upgraded Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $214.00 to $254.00 in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $237.54.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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